The Upcoming Earnings Relative Strength ChartList Is Powerful!

The Upcoming Earnings Relative Strength ChartList Is Powerful!

Earnings Beats Digest - August 08, 2022

One of my associates, Matt Townsend, spends a great deal of time every weekend putting together the Upcoming Earnings Relative Strength ChartList for the upcoming week.

While earnings will now begin to slow down, there are still over 300 companies featured on this ChartList for this week. By using the "Summary" feature, you can compare the relative strength (vs. industry group) of every company reporting earnings this week.

In my humble opinion, those with excellent relative strength over the past quarter have much better odds of reporting better-than-expected revenues and EPS. Here are the Top 20 best performing stocks, relative to their industry group, the Top 20 worst performing stocks:

Enter Best Performing Stocks:

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Enter Worst Performing Stocks:

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It would be a fun exercise to see how many within each group report strong results this week.

What does this mean?

  • In the meantime, as I looked through the Top 20 Best Performers, I felt like CELH, RBLX, PRVA, SWAV, BMBL, and ARRY really stuck out as consistently strong performers in the recent quarter with very solid AD lines.
  • I'll be watching to see how their numbers come out.

 

Happy Trading!

Tom Bowley

Chief Market Strategist

EarningsBeats.com

Better Timing. Better Trades.